KPA buys Automotive Compliance Consultants

SubPrime Auto Finance News Staff

Automotive Compliance Consultants — listed among the SubPrime 175 published by SubPrime Auto Finance News as well as the Power 300 published in AuSM — has a new owner, according to a news release distributed on Tuesday. KPA Services, a provider of environmental health and safety (EHS), HR... Read More

SubPrime Auto Finance News Staff

Answering questions such as "What's needed to complete this customer's financing?" appears to be a main theme of which finance companies scored well in the J.D. Power 2017 U.S. Dealer Financing Satisfaction Study and which ones did not. Analysts determined great relationships trump low interest... Read More

SubPrime Auto Finance News Staff

On Monday Capital One announced that the finance company provided a $23 million floorplan line of credit to Johnny Londoff Chevrolet, a second-generation family owned dealership that has been in business for more than 60 years in Florissant, Mo., a suburb of St. Louis. “We’re thrilled to expand our... Read More

SubPrime Auto Finance News Staff

A dealership chain specializing in subprime leasing now has a captive-like relationship with one of the market’s larger finance companies to serve customers who would rather make a purchase through a vehicle installment contract. On Thursday, Westlake Financial Services and CARite announced a strategic partnership... Read More

SubPrime Auto Finance News Staff

MUSA Auto Finance, a company specializing in new and pre-owned vehicle leasing, launched its online portal on Thursday where dealers can submit applications, receive decisions and print pre-populated lease contracts. MUSA Auto Finance highlighted this portal can automate a typically complicated process in an effort... Read More

RoadVantage makes 3 executive moves

SubPrime Auto Finance News Staff

F&I program provider RoadVantage made a trio of personnel moves this week, including promoting Randy Ross to president of sales. Ross, who previously was RoadVantage’s senior vice president of sales, has been with the company for five years and has been instrumental in its rapid rise to success.... Read More

Fusion buys GrooveCar Family of Brands

SubPrime Auto Finance News Staff

Fusion Auto Finance, a company in the credit union leasing space, has purchased the GrooveCar Family of Brands, the businesses said in a news release Thursday. Included in the GrooveCar Family of Brands are CU Xpress Lease, an auto lease program for credit unions, and GrooveCar Direct, an online buying platform... Read More

SubPrime Auto Finance News Staff

Nicholas Financial acknowledged two elements combined to erode its originations during its most recent quarter that closed on June 30, but the subprime auto finance company is remaining steadfast in its strategy to maintain discipline during challenging market conditions. The figures Nicholas Financial reported included... Read More